Nov 13, 2012 8:00pm PST
of the united states. house speaker john boehner has less support each day for a hard line approach. republican opposition to tax increases is slipping in congress. anti-tax lobbyist grover norquist no longer as a majority of supporters in either chamber. "the hill" says newly elected republicans refuse to sign the anti-tax pledge during the campaigns and another handful of returning republicans have disavowed their alliance to the written commitment. it's about time. at least they paid attention to the election. today bobby jindal scolded the entire party for the approach to the economy. hold it right there. this comment, he sewer sounds like a democrat. we've got to make sure that weren't the party of big business, big banks, big wall street bailouts, big corporate loophole, big anything. we cannot be, we must not be the party that simply protects the rich so they get to keep their toys. bobby, come on over to the good side, dude. you're talking like a conservative democrat. momentum is on the president's side. he just needs to know how motivated his allies are. the hard work didn't end last
Nov 15, 2012 2:00am PST
. and despite that, john boehner believes that a solution is possible. take a listen. >> i've outlined a framework for how both parties can work together to avert the fiscal cliff without raising tax rates. if you've look closely at what the president had to say and look closely at what i've had to say, there are no barriers here to sitting down and beginning to work through this process. >> when it comes to those tax hikes, though, the president saying that 98% of americans would not see their taxes go up, that 97% of small businesses would not be impacted at all. he does see some room there to close loopholes for some tax reforms but he doesn't believe that that's enough to make up that trillion dollars, and that the math simply doesn't add up. so what the president wants is a comprehensive plan so that middle-class americans are not hurt. zoraida? >> let's move on to the heated back and forth over u.n. ambassador susan rice. republican senators john mccain and lindsey graham say they would actually try to block rice from being promoted to secretary of state should she be nominated.
Nov 15, 2012 5:00am EST
there doesn't seem to be a lot of wiggle room here, but speaker john boehner sounded a bit optimistic. >> i've outlined a framework for how both parties can work together to avert the fiscal cliff, without raising tax rates. >> a few have looked closely what the president have had to say, have looked closely at what i have had to say. there are no barriers here to sitting down and beginning to work through this process. >> the president says under his plan, 98% of americans won't see their taxes. 97% of those small businesses won't be impacted at all. and while the president believes that there's room to close some of these loopholes, to have some tax reform, he doesn't believe that there's enough there to make up $1 trillion. and that there needs to be a comprehensive approach, so that middle class americans won't be impacted. john? >> dan, the president also talked about the petraeus investigation. what's he saying about that right now? >> and this was the first time that the president has weighed in on this publicly. he had very kind words for general petraeus and his service, not only i
Nov 12, 2012 6:00am EST
think they've already agreed to that. you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the funding despite greec
Nov 15, 2012 6:00am EST
movements particularly republicans, john boehner coming out after the election, i get t revenues have to be part of the deal. as george suggested there will be arguments about how you get there but i think when i look at how the politics line up the leverage embedded in going over the cliff and what that means to the president and democrats will push us there. i just want to say macro economically, going over the cliff is a bad thing, no question about it, but going over the cliff and staying over the cliff is a lot worse than going over the cliff and kind of backtracking back up there. >> the bungy. >> the bungy jump. >> we talked about that. >> the slope, the fiscal slope. >> george, where are you on the actual rate itself? there was a conversation boehner said we'll put revenues on the table, keep it at 35%, we'll find the deductions and from the president the first time out he didn't talk about 39.6 and so there was this view amongst some who wanted to hear it somehow he was at the same place and boehner might be willing to do something. i was in d.c. yesterday and others, steve w
Nov 15, 2012 9:00am PST
republicans. listen who what house speaker john boehner said about that throwing cold water on it. >> at this point i think that the standing committees of the house whether they be the oversight committee or the intelligence committee are working diligently on these issues, and at this point i think that's appropriate. >> now, what john mccain and his colleagues are arguing is that there's too much stove piping going on. there are too many committees, and twoul today is a good example. there are hearings going on all over capitol hill and then probably will continue to be. they think it all should be streamlined into one committee, but, suzanne, using the term watergate, using the term coverup, saying what did he know, when did he know it, talking about the president, not exactly a way to get bipartisan support for something that, you know, democrats clearly don't want. it is absolutely -- you mentioned at the beginning, very, very tense, particularly between these two old rivals, john mccain and president obama. >> not the way to bite -- get the bipartisanship going. okay, dana.
Nov 12, 2012 9:00am EST
. this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied up really quite quickly. my concern is that obama is beginning to grandstand. if you look at who he's meeting with, it looks like he might be preparing for a huge fight for his legacy, which actually might push us further back than a lot of people have bargained for. >> what you'll see with obama meeting with progressive groups and business leaders
Nov 14, 2012 6:00am EST
and he's trying to figure out how to get republicans to build on the conciliatory signals that john boehner's been sending. >> we talked earlier this morning about what the "wall street journal" has at the top and the story that a lot of people have been talking about. laying out $1.6 trillion as the baseline for what he'd like to see. double where the talks left off back in the summer of 2011. is this just an opening bid and we expect it will be somewhere in the middle of those two numbers? >> that's what i expect. i don't think you start out by laying out your bottom line. and remember, that's a bottom line that he laid out publicly in september of 2011 after the grand bargain talks were concluded unsuccessfully. so this is -- this is basically no change in his position. and why would he change having just won an election? but i think you're going to see some back and forth. and if question is how much revenue can you get from closing deductions and loopholes and if so, what kind? and do rates need to rise in order to get the revenue you need to make a deal? and i think what he wa